NOTICE PAY
This query is : Resolved
16 May 2009
Sir,
What is notice pay?
When is notice pay account debited in the books of account?
Sir,
What is notice pay?
When is notice pay account debited in the books of account?
17 May 2009
treat that as joining expenses grouped under personnel cost
17 May 2009
Notice period is pay of any Employee hired by a compnay immediatly & compensating the other company notice from employee .This is pers. cost
18 May 2009
Notice pay is Paid by co to employee for immediate termination or dismissal
Notice pay also collected from employee by the co for immidiate releaving from service on resignation of a employee, otherwise employee has to work for the co for one month or as specified in the terms of employment, from the date of resignation and during this period employee is getting his salary
If company is paying notice period salary , it is to be debited to salary a/c
If Company is collectiong notice pay , same should be credited to salary a/c
Notice pay also collected from employee by the co for immidiate releaving from service on resignation of a employee, otherwise employee has to work for the co for one month or as specified in the terms of employment, from the date of resignation and during this period employee is getting his salary
If company is paying notice period salary , it is to be debited to salary a/c
If Company is collectiong notice pay , same should be credited to salary a/c
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Query regarding TDS on EPFO Higher Pension Arrears*
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
